Sky Financial Group Inc. of Bowling Green, Ohio, said Monday that it has reached an agreement to buy a 101-year-old independent insurance agency.

The stock deal for Toledo-based Picton Cavanaugh is valued at $7.5 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.